Should you buy up first and second class stamps? - Money - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Should you buy up first and second class stamps?

Should you buy up first and second class stamps?

Category: Money

Updated: 01/05/2014
First Published: 12/04/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The price of postage is going up with effect from the end of April 2012.

Buying first and second class stamps before the prices rise could save you a sizeable amount, particularly if you have a large list to send to at Christmas, or for a forthcoming occasion such as a wedding.

First class and second class stamps will remain useable after the end of April, even if they were bought at the old price:

Current price
(until end of April)

New price
First class stamp 46p 60p
Second class stamp 36p 50p

If you normally send 50 Christmas cards first class, the new prices will add £7 to your postage bill. If you are sending out wedding invitations to 100 guests, then thank you cards as well – even by second class – the new prices could add £28 to your postage bill.

Is it worth buying stamps now?

The price of stamps is unlikely to go down. Royal Mail's costs are only likely to go one way: up. While the recently announced price rises might mean that Royal Mail won't raise the price again for a little while, it's difficult to envisage it lowering them.

In 2011 the price of a first class stamp went up from 41p to 46p, with second class stamps going up from 32p to 36p. With a price rise in April 2012 too, maybe the best we can hope for is a price freeze in April 2013…

So for the sake of buying your stamps a little earlier, you may be able to save yourself a significant amount of money.

Do you receive state benefits?

Royal Mail has pledged to keep stamps for Christmas 2012 at current prices for those receiving certain state benefits. You are eligible to buy up to three books of 12 stamps in a single purchase from a Post Office if you are in receipt of:

  • Pension credit
  • Employment and support allowance
  • Incapacity benefit

You will need to provide proof of your benefit entitlement when you buy your stamps.

What next?

More tips

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Have your financial habits changed?

2016 was certainly a turbulent year, and it's had a notable impact on household finances. Indeed, research shows that recent events have influenced the way over half of UK respondents manage their finances, with many becoming more cautious.

Kids got £180 in pocket money in 2016

New research has revealed that kids aged 4-14 received an average of £180.44 in pocket money over the last year, which was topped up by an additional £47 on average received in cash over the Christmas period.

How much could it cost to get fit in 2017?

We’re almost a week into 2017, and hopefully, many of those New Year’s Resolutions are still going strong. Figures suggest that the most popular resolution is to achieve a healthier lifestyle, but just how much could that ambition set you back?
 
Close